As was anticipated, the immediate resistance cluster around 103.75 managed to prevent the USD/JPY currency pair from edging higher.
Monday ended with the British currency falling against the US Dollar, crossing the 1.24 level.
The common European currency slightly fell against the US Dollar on Tuesday morning, as the currency exchange rate moved lower and touched the channel down pattern's lower trend line at 1.1121.
The New Zealand Dollar suffered losses against the Greenback by mid-Monday, as the currency exchange rate moved lower to trade below the 0.7150 level after opening the day's trading session at 0.7184.
The US Dollar surged by midday on Monday against the Canadian Dollar.
Even poor US NFP data on Friday was insufficient to cause the Aussie to post solid gains against its US counterpart, as a tough resistance area just above the opening price kept the pair from appreciating.
The European single currency underwent the anticipated correction on Friday, falling even below the main target of 115.41.
The yellow metal surged on Monday morning, as the commodity previously found support near the 1,250 level.
The bearish scenario prevailed on Friday, as the USD/JPY currency pair not only dropped under the anticipated 103.50 level, but even returned under the 103.00 mark.
On Friday the Sterling failed to reclaim the 1.25 major level, but also managed to remain above the 1.24 level, despite the initial hard slump.
The common European currency is surging amidst two levels of significance against the US Dollar, as the currency exchange rate approaches the 55-day simple moving average at 1.1197.
The New Zealand Dollar booked more losses and passed new support levels against the Greenback, as the currency exchange rate was in the middle of the fifth consecutive trading session on Friday.
The US Dollar touched the upper trend line of the long term channel up pattern against the Canadian Dollar.
The immediate support area failed to prevent the AUD/USD currency pair from falling below 0.76.
As was expected, the EUR/JPY cross remained relatively unchanged on Thursday, unable to climb over 116.00.
The yellow metal continued its way down on Thursday, as if there are no support levels, which could affect it.
The US Dollar outperformed the Japanese Yen for the eight consecutive time yesterday, successfully breaching the tough resistance area in front of the 104.00 major level.
The Cable failed to remain above the 1.27 level yesterday, having slumped to 1.26, finding support only at the monthly S2.
The common European currency continued to depreciate against the US Dollar on Friday, as the currency exchange rate almost reached the 1.11 mark on early morning.
The Kiwi marked its fourth consecutive session of depreciation against the US Dollar, as the currency exchange rate reached below the 0.7150 level by mid-Thursday.
The Greenback was amidst a surge against the Loonie by mid-Thursday, as the pair found support during the previous trading session.
Wednesday ended with the AUD/USD currency pair remaining relatively flat, as poor ADP data helped the Aussie erase all intraday losses.
The European single currency posted solid gains against the Yen on Wednesday, climbing 68 pips higher.
While a five-year channel has been restricting the movements of EUR/AUD, it might be time for a bearish breakout, as suggested by the two descending triangle patterns as well as a rising wedge on the hourly chart. Read more on the previous developments and long-term EUR/AUD trends hereMonthly ChartConsidering our expectation of an almost immediate reversal, we look at the